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Global Pallet Conveyor Market growing at a CAGR of 5.8% from 2023 to 2030

Category : Machinery and Equipment | Published Date : Jun 2023

Key Market Overview

The Global Pallet Conveyor Market was valued at USD 1,854.22 Million in 2022 and is expected to register a compound annual growth rate of 5.8% to reach USD 2,844.96 Million in 2030.

The report highlights the increasing adoption of pallet conveyors in food & beverage, retail & e-commerce, pharmaceutical, and other industries. Consegic Business Intelligence provides an inclusive research report on the pallet conveyor market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Pallet Conveyor Market By Overview

Global Pallet Conveyor Market

The report analyses significant segments such as type, end-user, and region, to identify emerging trends and potential opportunities. The type segment is expected to grow due to the increasing adoption of gravity pallet conveyors in pharmaceutical, food & beverage, and other related industries. Moreover, the deployment of drag chain pallet conveyors for various transportation and distribution applications in chemical and food and beverage industries among others is expected to drive the market growth during the forecast period.

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Market Dynamics

Driver:

 

  • The increasing adoption of pallet conveyors in the food & beverage industry is driving the growth of the market.
  • The rising utilization of pallet conveyors in retail & e-commerce sector is accelerating the growth of the market.

 

Restraints:

  • High cost of pallet conveyors is restraining the growth of the market.

Market Segmentation:

Report Attributes Report Details
By Type Gravity Pallet Conveyors, Drag Chain Pallet Conveyors, Belt Driven Live Roller Pallet Conveyors, and Others
By End-User Food & Beverage, Retail & E-commerce, Chemical, Pharmaceutical, and Others
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The global pallet conveyor market is highly competitive due to the presence of major players such as Five Group, Dorner Mfg. Corp, Bastian Solutions LLC, FMH Conveyors, Krones AG, and others operating in the global market. The market players are adopting new ways through product innovations, mergers and acquisitions, and business strategies to remain hold strong market position. Thus, evolving research and developments in pallet conveyor market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various industries.

  • Five Group
  • Dorner Mfg. Corp
  • Bastian Solutions LLC
  • FMH Conveyors
  • Interroll Group
  • Krones AG
  • Damon Australia
  • KNAPP AG
  • Gilgen Logistics
  • Okura Yusoki Co., Ltd.